China Internet Finance Association, Bank Of China Limited(601988) Industry Association and China Securities Industry Association issued an initiative on preventing NFT related financial risks, and jointly called on member units to consciously abide by the following code of conduct: first, do not include securities, insurance, credit, precious metals and other financial assets in the underlying commodities of NFT, and issue trading financial products in a disguised form. The second is to carry out token issuance financing (ICO) in a disguised form without weakening the non homogeneity of NFT by dividing ownership or batch creation. Third, do not provide centralized trading (centralized bidding, electronic matching, anonymous trading, market makers, etc.), continuous listing trading, standardized contract trading and other services for NFT trading, and set up trading places in violation of regulations in disguise. Fourth, virtual currencies such as bitcoin, Ethereum and TEDA coin are not used as pricing and settlement tools for NFT issuance transactions. Fifth, carry out real name authentication for the issuing, selling and purchasing entities, properly keep the customer’s identity data and issuance transaction records, and actively cooperate with the anti money laundering work. Sixth, do not invest in NFT directly or indirectly, and do not provide financing support for investing in NFT.
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